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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Natwest Group Plc | NWG | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 13.30 | 4.59% | 303.10 | 10:26:19 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 296.00 | 295.50 | 305.00 | 289.80 |
| Industry Sector |
|---|
| BANKS |
| Top Posts |
|---|
Posted at 20/4/2024 12:50 by skinny "NatWest reports its first-quarter results on Friday, when it is expected to say that its first-quarter operating pre-tax profits slid to about £1.2 billion, from £1.8 billion a year earlier. The performance of the bank, which is 29 per cent-owned by taxpayers after its bailout in the 2007-09 financial crisis, is likely to be closely scrutinised, given that the government is planning its first sale of NatWest shares to retail investors as soon as the summer." |
Posted at 11/4/2024 07:49 by polar fox How things are changing.Also be alert for the US PPI numbers at 1:30 - the consensus is for rises in both PPI and core. Meantime, Bloomberg: Investors are signaling the Federal Reserve will cut interest rates just twice this year, starting in September, after a fresh round of hot inflation sent Treasury yields soaring to 2024 highs. This turn of events was unthinkable at the start of the year, when the consensus view was for six cuts totaling 1.5 percentage points, beginning in March. Swap contracts currently anticipate the Fed’s rate will end the year only about 40 basis points lower than its current level of 5.33%. Options traders added bets on the Fed cutting just once this year, and Wall Street banks began revising their forecasts. unquote |
Posted at 04/4/2024 20:27 by cogs1 With the increase over recent weeks/months I'm at around my target price...that said, I'd appreciate any opinions/views about what the impending gov sell off will have on share price short/medium term. If the gov. are gonna sell at a discount won't the share price just drop to that level....if so why doesn't everyone who currently has shares sell now and buy back when the sell off happens. As a novice investor I'd appreciate any comments |
Posted at 04/3/2024 08:01 by polar fox Well, well - for me, this changes everything and probably helps to explain the share price action last week.From the Times: NatWest share sale may combine ‘Tell Sid’ with institutional offer Treasury officials are believed to have asked advisers to draw up plans for a twin-track sale to the public and large investors that would maximise proceeds unquote |
Posted at 03/3/2024 08:17 by polar fox The latest Regression polling is out, based on 15,010 people, for last month.Labour's predicted overall majority is 260. LAB 455 CON 113 LD 40 SNP 18 REFM 10.2% no seats The commentary is: Labour's lead over the Conservatives fell back slightly from 20% to 18%, but this still translates into a very significant Labour victory. Reform UK continue to win around 10% support, much of which comes from former Conservative voters. It is also getting clearer which seats the Lib Dems are likely to win, and in which others they will be behind Labour. unquote Changing tack, I haven't found a single mention of NatWest in today's press, the attention seems to be on Hunt's desperate last-minute scramble to find funds - ANY funds! - for a tax bribe. Thank heavens the OBR is forcing a degree of financial discipline on the gov't - we may be spared a contrived Tory "dash for growth"! The implication for the NatWest retail sale, it seems to me, is that it absolutely has to be successful, attracting the 2m investors that Hunt indicated last month, with strong demand. It will need to be priced accordingly. The whole Budget situation is at a fascinating point, with only three days to go. I reported a few weeks ago that Ladbrokes have 12 December pencilled in for the GE. That continues to be the case. I'm keeping an eye on it. |
Posted at 28/2/2024 07:45 by polar fox Bloomberg:NatWest Stock Sale Prep Moves Ahead as Government Taps Brokers UK has asked brokers to sign non-disclosure agreements Share offer would further reduce state’s holding in the bank The UK has opened talks with brokers including Hargreaves Lansdown Plc and AJ Bell Plc about helping to sell the state’s shares in NatWest Group Plc to retail investors. The government has asked firms to sign non-disclosure agreements and the talks are in their early stages, according to people familiar with the matter, who are not authorized to speak publicly. The retail sale, which Chancellor of the Exchequer Jeremy Hunt announced last year, is expected to be confirmed ......all that's available |
Posted at 12/2/2024 16:41 by xongkudu The government will want to give the public a good value for money entry point which will probably be around the 180 mark. I can therefore see this falling a bit more until this is finalised and the monkey is off our back. Obviously the results could well affect my 180 price up, down or flat but still think I’ll keep watching for now.I wonder how many shares private investors will be able to buy? |
Posted at 04/2/2024 09:02 by polar fox The ST has another NatWest story, behind the paywall as usual.Here's the title: NatWest share sale targets 2 million ordinary investors unquote With the help of a calculator, you can get to quite a large number of shares, depending on what assumptions you make about average shareholding size and such like. What are we supposed to expect? - a massive offering priced somewhere below 200p to make sure it's a success? That might explain the sharp sell-off from Wednesday's 229.10 high - sell above 225 or so and buy back cheaper a few months hence. Clearly, this gov't, desperate as it is for cash from any source ahead of the GE, doesn't much care about the eventual sale price and resulting taxpayer loss. |
Posted at 28/1/2024 21:21 by polar fox Here's the FT's contribution, this afternoon:The UK government could kick off a sale of NatWest shares to the public as early as the middle of this year, once a permanent chief executive has been installed at the bank. Government insiders said Bim Afolami, the City minister, was eyeing a sale of part of the state’s holding in the UK high street bank to retail investors before the summer break, and that resolving the bank’s long-term leadership was a necessary precondition. “We need a permanent CEO,” said one. NatWest’s interim chief executive, Paul Thwaite — who took over from Dame Alison Rose when she stepped down last summer in the wake of the Nigel Farage “debankingR But the company’s incoming chair Richard Haythornthwaite has started the search for Rose’s permanent successor after joining the bank’s board earlier this month. Thwaite previously led NatWest’s commercial bank and is seen as a leading contender for the job who could be made permanent before the end of his initial one-year appointment. In his Autumn Statement last November, chancellor Jeremy Hunt said he would “explore options for a NatWest retail share offer in the next 12 months subject to supportive market conditions and achieving value for money”. At the time, the Treasury said it planned to sell down the remaining state holding by early 2026 “utilising a range of disposal methods” and Afolami confirmed to the Financial Times that a retail offer was still being “explored̶ The Treasury declined to comment on the timing or the process for selling down its remaining 36 per cent stake in the bank, which resulted from the £45.5bn bailout of the lender during the 2008 financial crisis. The government has already cut its stake from a peak of 84 per cent. Any pre-election NatWest retail offer is expected by government officials to include a discounted share offer. NatWest’s shares have fallen 27 per cent in the past year after a set of disappointing results and the departure of Rose. NatWest declined to comment. Afolami told the FT that he wanted to persuade younger people to invest in NatWest as part of a wider effort to broaden share ownership, embracing Margaret Thatcher’s vision of “popular capitalism”. Thatcher offered discounted shares to the public during privatisations such as British Gas in the 1980s, accompanied by the famous “Tell Sid” advertising campaign. Afolami said: “We need to do much more to incentivise young people to invest in the “traditional&# “I want to say to young people: don’t just do crypto, broaden your investments, consider owning shares such as NatWest, invest in Britain and the British stock market.” The “get rich quick” allure of cryptocurrency means it has gained traction, especially among younger investors. Almost one in 10 UK adults — some 4.97mn people — owned cryptocurrency assets in 2022, according to research by the Financial Conduct Authority. That eclipses the 3.9mn people who subscribed to more conventional investments using stocks and shares Isas in the 2021-22 tax year, according to the latest HMRC statistics. Nick Train, one of the UK’s highest profile fund managers, recently told the FT he wished more young people would “take a flutter on the stock market” than take a punt on the outcome of a football match or dabble in crypto. unquote |
Posted at 23/11/2023 08:54 by smithie6 Clocktower wrote"The removal of the last CEO, through her own fault will in time come to be seen as very regrettable as she had done a good job." I think you are perhaps the only person posting on here with that view ! -------- Businesses that have raised money from investors in order to exist should operate taking in to account those investors (who are risking their money); or should they operate for the personal social interests & charity interests of the "temporary" boss of the business ? Alison Rose appears to have gone a bit native & devoted a lot of her work time to using the bank's own money & workers for social interests & charity interests. If she wanted to do that she should have applied to work for UNICEF, Barnardos or the Red Cross & not a major bank. If she had not been removed due to breaking the regulations then I personally think that shareholders would have voted to remove her at the next AGM. (....social obligations of businesses, imo the state receives a lot of tax from businesses & from taxes on workers' wages, it is the job of the state how they use that money & how much is used to help the needy & how much for defence, hospitals, schools etc. Imo it is "not" the job of listed businesses to be state soldiers, or teachers, or treat drug addicts or give out hot soup to the needy. |
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